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Volume :28 Issue : 107 2002      Add To Cart                                                                    Download

CONSTRUCTION OF STOCK INDICES FOR THE NEWLY FORMED UAE STOCK MARKET

Auther : By: Dr. Aqil Mohd. Hadi Hassan

          This paper addresses the question of establishing an index for the newly established stock market in the United Arab Emirates.  The government of the UAE has recently issued a law for the establishment of an official stock market.  Different approaches are presented and the existing indices, which are published by different banks and newspapers, were examined for their usefulness in describing the movements in the unofficial stock market and gauging the performance of the whole economy.  Different criteria were suggested in the paper for the new index to overcome the problems associated with the existing indices.

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